Message-ID: <5538012.1075842090427.JavaMail.evans@thyme>
Date: Fri, 12 May 2000 07:47:00 -0700 (PDT)
From: carol.clair@enron.com
To: adele.raspe2@pseg.com, maria.salvatore@pseg.com
Subject: Guaranty Cap
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Adele:
Tanya left a message for Cindy and offerred $10M as a cap for each Guaranty.  
The reason for the cushion is to protect the party who terminates at a time 
when its exposure is close to the credit threshold and by the time that the 
date is set and the amount is calculated there is a move in the market that 
results in its exposure being above the threshold.
Carol